Category Archives: Economy

Let’s talk tax: It’s vital if Labor genuinely wants a fairer, more equal society Part 2

Part 1 discussed the policy platform that Labor needs to seize leading up to the election. However, such a platform will lack credibility unless all its policies are fully costed, and it is clear how they will be paid for.

Posted in Economy | Tagged | 2 Comments

Liberal and Liberal-lite: a Hobson’s choice for voters at next election? Part 1

Will Labor offer voters a real choice? Labor should grasp the nettle and focus on the key challenges facing Australia – climate change and inequality. Tomorrow, I will discuss the budget consequences of this policy agenda, as this is essential … Continue reading

Posted in Economy | 11 Comments

Saturday’s good reading and listening for the weekend

What people in other forums are saying about public policy

Posted in Economy, Politics | 8 Comments

The ‘Gambler’s Curse’: finance traders upstaged by their own tactics

When a trading “rabble” hit financial markets in late January, with retail investors – the “Main Street Traders” – putting a squeeze on Wall Street’s squeeze of GameShop, financial journalists were furious on behalf of the merchants of debt who … Continue reading

Posted in Economy | 4 Comments

Saturday’s good reading and listening for the weekend

What people in other forums are saying about public policy

Posted in Economy, Politics | 3 Comments

Porter’s IR bill: ‘tearing a gaping hole in the award safety net’

The government’s Fair Work Amendment (Supporting Australia’s Jobs and Economic Recovery) Bill before parliament was drafted at the end of a six-month consultative process that brought together employer and employee representatives to chart what the prime minister hoped would be “a … Continue reading

Posted in Economy, Industrial relations | Leave a comment

Move over neoliberalism; rentier capitalism is now king

Because the average person’s prosperity is shrinking, they can’t buy so much stuff. Companies are instead generating profits by getting hold of assets to rent out, such as housing and roads. This financial capitalism has huge political ramifications for the … Continue reading

Posted in Economy, Top 5 | Tagged | 5 Comments

Foreign ownership hits hopes of national independence

Foreign ownership and control is continuing to devastate the Australian economy to the detriment of all Australians. It undermines the economic base for national independence.

Posted in Economy | 7 Comments

Saturday’s good reading and listening for the weekend

What people in other forums are saying about public policy

Posted in Economy, Politics | 1 Comment

Banks that listen to their customers will go places

Loyalty to banks used to be a big thing in the days of yore. But the Banking Royal Commission certainly skewered any reason to remain loyal. And there are options for those looking for an ethical bank that listens to … Continue reading

Posted in Economy | 1 Comment

Covid-19 has been a circuit breaker. Now we need to flip a different switch

A horror year, 2020 has brought some salutary lessons. But can we change our ways because of our trauma? Or will we: continue to ignore climate change; bring back overseas students and depend on their privileged place in universities; boost … Continue reading

Posted in Economy | 6 Comments

The Reserve Bank needs accountability that only external scrutiny can provide

In the US and other countries, central banks have agreed to greater transparency in return for modifications of Freedom of Information policy.  That would be appropriate in Australia, given the failure of our FOI Act to generate meaningful transparency.

Posted in Economy | 3 Comments

How good is Morrison’s Australia? Going backwards and being left behind

After seven years of a Coalition government, household debt is the second highest of 43 countries; we ranked third last out of 35 OECD countries for wage growth and we have the third most unaffordable housing market in the OECD. … Continue reading

Posted in Economy, Top 5 | 26 Comments

Underinsurance entrenching poverty as the vulnerable are hit hardest by disasters

It is after extreme weather events that people’s lack of insurance is particularly distressing. But simply telling people to get more insurance is not necessarily the answer. We first need to understand why people are underinsured and work out how … Continue reading

Posted in Economy | 2 Comments

Corporate activism: CEO silence on public issues can be deafening

Taking a stand on an issue needs to be thoughtful, meaningful and strategic, not opportunistic. CEO activism is most effective when there is a strong connection between the issue and the brand.  Authenticity is critical.

Posted in Economy | 1 Comment

And then there were three – Australia’s dwindling oil exports

With a growing dependence on imports, Australia will become more vulnerable to disruptions to supply. It will not be easy to quantify the disadvantages. And it will be extremely difficult for governments to decide what level of insurance against disruption … Continue reading

Posted in Economy | Tagged | 4 Comments

Fundamental purpose of superannuation is to provide adequate retirement incomes, not finance bequests

The priority for retirement incomes policy is to ensure that retirement savings are used efficiently to generate an adequate income. Until this occurs, there should be no change in the legislated increases in the compulsory superannuation guarantee contribution rate.

Posted in Economy, Politics | Tagged | 6 Comments

Let the JobKeeper rorts roll

Where do we start when considering the $100 billion JobKeeper scheme? Should we focus on the opaque nature of the scheme in which less than 3% of JobKeeper payments have been disclosed in public company accounts and there is no … Continue reading

Posted in Economy, Politics | Tagged | 3 Comments

Australia can phase out coal power while maintaining energy security

The end of coal-fired generation in Australia is inevitable. The key is for an orderly transition to spread the costs fairly.

Posted in Economy | 2 Comments

Saturday’s good reading and listening for the weekend 

What people in other forums are saying about public policy

Posted in Economy, Politics | 20 Comments

Ideology triumphs over evidence: Morrison government drops the ball on banking reform

Weakening responsible lending laws is a bad look for the federal government. It has the hallmarks of political opportunism, with Morrison and Frydenberg using the Covid crisis to be a friend of business at the expense of consumers.

Posted in Economy | 15 Comments

Despite appearances, this government isn’t really Keynesian, as its budget update shows

It is tempting to think the Australian government’s decision to spend big – an unprecedented 33% of GDP this financial year according to the budget update – marks an embrace of Keynesian economics after decades in which authorities have looked … Continue reading

Posted in Economy | 5 Comments

Chocolate: still tainted by child labour

What is your New Year resolution? To get fitter and eat less sugar, including chocolate? There’s plenty of other reasons to re-think our love affair with chocolate.

Posted in Economy | Tagged | 1 Comment

Saturday’s good reading and listening for the weekend

What people in other forums are saying about public policy

Posted in Economy, Politics | 18 Comments

Fool’s paradise: ‘independent’ advisers promote lie that transport infrastructure can lead a Covid recovery

A recent report for Infrastructure Australia confirms what many suspect – some transport infrastructure projects should be shelved. Yet IA refuses to reassess any transport projects, including those it knows or should know are wrong.

Posted in Economy, Infrastructure | 12 Comments

Why inequality increased and what to do about it

The evidence clearly shows that the rise in inequality has been principally driven by technological change. But governments can make a difference. Education and training policies to assist the adjustment to new technologies can help preserve the distribution of income … Continue reading

Posted in Economy | 11 Comments

What real reform looks like: increase wages and tackle inequality, climate change

The economy has been stagnating for years under successive Coalition governments. It badly needs fixing, but it can be done. This is how.

Posted in Economy, Top 5 | 19 Comments

Our harmful obsession with growth

Ten months after the World Health Organisation declared the Coronavirus outbreak a global pandemic, heart disease remains humanity’s biggest killer, claiming an estimated 17.9 million victims annually. By comparison, the Coronavirus death toll has not yet reached 2 million.

Posted in Economy | 2 Comments

Farmworker exploitation a systemic issue

The continuing problem of underpayment of farmworkers is not simple. It will not go away. It certainly will not go away by adopting the National Farmers’ Federation (NFF) bubble tunnel of workers from New Zealand or other ships in the … Continue reading

Posted in Industrial relations | 3 Comments

The economic conductor of the catastrophes of climate change and biodiversity loss

The human brain seems unable to grasp the magnitude of the global problems we face in moving to ways of sustainable living and governance systems which can deliver a secure future for our children.

Posted in Climate, Economy | 5 Comments